Grove Collaborative Hldgs: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Grove Collaborative Holdings (NYSE:GROV) reported Q4 earnings with an EPS of $-0.27, missing estimates by -17.0% and a revenue decrease of $14.18 million from the previous year. Despite past earnings misses, the company's share price increased by 9.0% the day after last quarter's earnings were announced.
March 06, 2024 | 9:10 pm
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NEUTRAL IMPACT
Grove Collaborative Holdings reported a significant miss in Q4 earnings and a decrease in revenue compared to last year, but historically, the stock price increased the day after earnings were announced despite a miss in the previous quarter.
The negative earnings report and revenue decrease suggest a potential short-term negative impact on GROV's stock price. However, historical data shows an increase in share price following the previous quarter's earnings miss, indicating investor optimism or other factors at play that could mitigate the negative impact. The score is neutral due to these conflicting indicators.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100